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Mashcka [7]
2 years ago
14

Jan and Sam have all of their 2018 tax documents ready to bring to George to prepare their return. These documents include a W-2

for Jan ($52,300), a W-2 for Sam ($48,700), a state tax refund of $475, canceled debt income of $1,800 for Jan, and state lottery winnings of $2,000. They never itemize deductions. What will be their total on Form 1040, line 7? a. $105.275 b. $104,800 c. $103,275 d. $103,000?
Business
1 answer:
Nonamiya [84]2 years ago
7 0

Answer:

The answer is b. $104,800

Explanation:

W-2 for Jan $52,300+  Sam $48,700 + canceled debt income of $1,800 + state lottery winnings of $2,000 = $104,800

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julsineya [31]
<span>From the descriptions given above about Jared's skills and capabilities, 
musician in a band on tour, the careers that he would most likely enjoy are music teacher at a school, life-enrichment director and event planner at a retirement home and professional photographer for special events.

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3 0
3 years ago
Read 2 more answers
Why is marketing important to an organization? Describe key benefits to implementing a marketing concept, and explain how employ
abruzzese [7]

Answer: Marketing plays an important role in establishing relationships between customers and the organizations offering to the market. ... The marketing function is also tasked with the branding of the organization, participation in publicity activities, advertising and customer interaction through feedback collection.

The Marketing Department plays a vital role in promoting the business and mission of an organization. ... It is the Marketing Department's job to reach out to prospects, customers, investors and/or the community while creating an overarching image that represents your company in a positive light.

The marketing concept is based on the “right” principle. The marketing concept is the use of marketing data to focus on the needs and wants of customers in order to develop marketing strategies that not only satisfy the needs of the customers but also accomplish the goals of the organization.

The roles of the employee in the marketing departments are:

1. Oversees the marketing department

2. provides direction and feedback on major projects.

The accounting departments oversee the cash flow of the company also helps in terms of budgeting.

Explanation:

5 0
3 years ago
"a typical group is selected from the population, and a random sample is taken from within the group. this is an example of" ___
torisob [31]
If the people conducting said experiment specifically wanted to select a random group of typical people it could be considered stratified. if they specified that they wanted any group of typical people then it would be simple random. Just looking at the supplied info, i'm pretty sure it's simple random.
3 0
3 years ago
On July 1, 2019, Sunland Company pays $18,300 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fisca
Snowcat [4.5K]

Answer:

Kalter Insurance Co

July 1, 2019  

Dr.    Cash:                                       $18,300

Cr.    Unearned Service Revenue  $18,300

Dec 31

Dr.    Unearned Service Revenue:  $3,050

Cr.    Service Revenue:                    $3,050

Sunland Co

July 1

Dr.    Pre-paid Insurance                  $18,300

Cr.    Cash:                                        $18,300

Dec 31

Dr.    Insurance Expense:                $3,050

Cr.    Pre-paid Insurance:                $3,050

Explanation:

Cash Paid for insurance of 3 years on July 1, 2019 is prepaid Insurance for Sunland Co and unearned revenue for Kalter Insurance Co. The Insurance expenses is accrued and Revenue is recognised for 6 months only on Deccember 31, 2019.

Prepaid Insurance / Unearned Revenue = $18,300

Insurance Expense / Service Revenue = $18,300 x 6 / ( 3 x 12 ) = $3,050

8 0
2 years ago
Chemtec is undertaking a project that will require an upfront investment today in net working capital, and plant and equipment (
almond37 [142]

Answer:

-$300 million

Explanation:

Change in net working capital (CNWC) = $100 million

Capital Expenditures (CE) = $200 million

Assuming no depreciation expenses, the free cash flow (FCF) is given by:

FCF = EBIT*(1-tax) - CNEC - CE

Since no revenues are expected until the next year, EBIT = 0.

FCF = - \$100 -\$200\\FCF = - \$300\ million

The project's free cash flow today is -$300 million.

3 0
2 years ago
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